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The 10 Biggest Cybersecurity News Stories Of 2019

The cybersecurity industry has in 2019 seen lots of outside money to address challenges around data and identity, with vendors tapping into the deep pockets of venture capital and IPOs, while many MSPs have found themselves under siege.

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5. Cybersecurity Vendors Strike It Rich With IPOs

Recent attempted initial public offerings at real estate or consumer technology companies like WeWork, Uber or Lyft have been high-profile flops, but cybersecurity companies stepping into the raging waters of the public market have been welcomed with open arms.

Boston-based network security policy orchestration firm Tufin kicked things off in April, raising $108 million in a New York Stock Exchange public offering with a valuation of $453.6 million. Two months later, Sunnyvale, Calif.-based next-generation endpoint security vendor CrowdStrike raised $612 million in a Nasdaq public offering with a valuation of $6.6 billion.

Then in September, San Francisco-based security and performance services vendor Cloudflare brought in $525 million in a New York Stock Exchange public offering with a valuation of $4.4 billion. And just a week later, Denver-based identity security vendor Ping Identity raised $187 million in a New York Stock Exchange public offering with a valuation of $1.16 billion.

 
 
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